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Buying Power Assignment

Author:
February 18th, 2020
  1. You long 1000 shares of ABC at $25 a share. Assume the Regulation T rate is 40%. You send the required amount to your broker. After a week ABC jumps to $27 in the market.
  1. Show your account.
  2. What is your buying power?
  3. Suppose you withdraw the maximum allowable cash from your account. Show your account. Get Finance homework help today
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